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Small caps-round up: Chime, OMG, Pinewood Shepperton,...

Wed, 12th May 2010 13:27

Marketing services group Chime Communications expects operating income and operating profit to be ahead of both budget and market expectations.Image technology group OMG reported slightly higher half year pre-tax profits of £1.4m compared with £1.2m last time and said it is cautiously optimistic that it will be able to continue to grow strongly.Film studio operator Pinewood Shepperton said overall revenues for 2010 are in line with market expectations.Flying Brands said sales in its Garden Division have traded ahead of last year since the group last updated the market on 20 April, adding that it expects this trend to continue. CLS Holdings has acquired 100 Vauxhall Walk for £1.6m. This completes the site assembly proposed for a major redevelopment of over 28,000sqm (300,000 sqft) adjacent to CLS' 19,387 sq m (208,679 sq ft) Spring Gardens scheme.Shares in Strategic Thought jumped forward as it reported a significantly improved performance in the year to March. Revenues rose by 36% to £8.24m (2009: £6.04m) while losses fell to £767,000 from £2.0m. "The board remains positive about prospects for the financial year ending 31 March 2011. We continue to see an excellent market opportunity for our risk management software and are targeting a broader base of prospects across a range of sectors, using our customer references to demonstrate the return on investment which our risk management software achieves," it added.Trading at the MWB's boutique hotel business, Malmaison and Hotel du Vin, performed in line with expectations in the first quarter, achieving its budgeted EBITDA despite January revenues being severely affected by the adverse weather conditions across the country. AIM-quoted MWB Business Exchange Plc ("Business Exchange"), Central London's largest provider of flexible office space, has continued to see signs of recovery in terms of rate stability and occupancy growth. MWB added.Copper producer EMED Mining is among the weakest performers in a downbeat mining sector today. The company, which is moving towards producing copper from the Rio Tinto mine in Spain, saw pre-tax losses narrow to €10.4m from €17m in the year to December 31.But shares in Hambledon Mining jumped after the Kazakhstan-based gold mining company said it achieved its first operating profit in the year to December 31. Pre-tax profits totalled £47,000 compared with a loss of £7.6m the previous year, as revenues soared to £12.8m from £5.5m.Shares in Synchronica were boosted by the mobile phone technology company's announcement that it has received an order from an Argentine mobile operator for its 'Mobile Gateway' technology, which allows customers to send emails from their phones.
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